Pharoah, You have my admiration for trying to improve Ace's great system. My admonition was for traders to question the source and relevancy of these "modifications" to Ace's rules. Sorry, no disrespect, but basing one's opinion on old data from 3 ...

4H Box Breakout

Hope this helps — hi cinex, It's amazing the amount of misinformation and disinformation that abounds as the longevity of a particular thread matures. Ace has given us a "turn-key" system that works abundantly well without any changes. End of ...

4H Box Breakout

Entry, SL & TP Calculations by Ace — This is simply the very best description on how Entry, SL and TP calculations all interrelate! Kudos, Ace!

4H Box Breakout

banana, How are you trading this approach?

4H Box Breakout

shiko, I trade with Oanda, also. Why not switch to the 1 hour chart on Oanda? Just select the same 1H candles that are the same as the 4H candle on FXDD. Comparing Oanda to FXDD, most of the time price differs only about 2-4 pips on average.

4H Box Breakout

Thanks for the reminder, Ace. My backtesting of your original rules going back the past 13 weeks is strong persuasion in favor of eschewing all subsequent variations.

4H Box Breakout

Actually Ace is 100% correct...as always! Sorry about the typo, guys...

4H Box Breakout

Thanks Ace...I like your approach of placing the initial SL at the top or bottom of the candle that broke the box...another intriguing thought! BTW, did I mention...I am your biggest fan!

4H Box Breakout

Hi Freako, Glad to know someone is trading the 50% box SL, if nothing more than to determine its effectiveness. Could you please share how long you have been trading this way and what your results have been? Should be enlightening...

4H Box Breakout

Hi shiko, Please elaborate...not certain what you mean by, "how much time we have to spend to generate certain return." Thanks.

4H Box Breakout

SL — Hi Ace, There are so many variations of this strategy it makes my head spin! lol I'm wondering how much consideration you paid to setting the initial SL to the opposite side of the box? I need to do some backtesting on this, but many box ...

4H Box Breakout

Hi fed, Why wait for the thread to get out of recycle? I could have used better info yesterday! LOL

New Day breakout by fed

You may be correct, but...this is far too early in the week to be making a prognosis...especially with the guppy.

4H Box Breakout

Last night's trades — SL for me on Oanda...price just barely touched my pending Buy orders, then tanked. Try again tonight...

New Day breakout by fed

Holy Grail — fed, Maybe you have invented the "Holy Grail", and the evil powers of the Dark Side want the "secret" suppressed! LOL

New Day breakout by fed

Why oh why? — This strategy looks very promising. Why in the world was this moved to the recycle bin ?!!?

New Day breakout by fed

fed, I assume daily rather than weekly trades?

New Day breakout by fed

New Strategy — Hi fed, I've been looking forward to your new creation...looks very interesting. Can you give us an idea of this strategy's profitability?

New Day breakout by fed

Your trading variation — shiko, Thanks for your contribution to this thread. With your +50 pip rule, have you altered the original SL placement (opposite side of the "box")? Unless I am mistaken, last week's SL was 159 pips (FXDD).

4H Box Breakout

danno96's variations — Hi danno96, Great job on the backtesting and variations! A couple of questions, please: 1) Do your variations include moving the SL to 2X when price reaches 3X? 2) If you simply put a Trailing Stop equal to 1X (after the ...

4H Box Breakout